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Excerpts from analysts' reports
UOB KAY HIAN analyst: Loke Chunying
VALUATION
· Maintain BUY and with a higher target price of S$1.00
WHAT?S NEW
· Centurion announced the acquisition of four student dormitories (1,906 beds) in UK for £77m (S$164.5m). Strategically located near renowned institutions, all the dormitories are operating near full occupancy rates.
OUR VIEW
· We raised our FY14-16 profit forecasts by 3.8% to 14.1%. The UK dormitories are expected to contribute profit from 4Q14, as the acquisition will only be completed on 1 Sep 14.
UOB KAY HIAN analyst: Loke Chunying
VALUATION
· Maintain BUY and with a higher target price of S$1.00
WHAT?S NEW
· Centurion announced the acquisition of four student dormitories (1,906 beds) in UK for £77m (S$164.5m). Strategically located near renowned institutions, all the dormitories are operating near full occupancy rates.
OUR VIEW
· We raised our FY14-16 profit forecasts by 3.8% to 14.1%. The UK dormitories are expected to contribute profit from 4Q14, as the acquisition will only be completed on 1 Sep 14.
Yesterday, Centurion announced its maiden foray into the UK with the proposed acquisition of three student accommodation assets in Manchester and one in Liverpool, with a total of 1,906 beds, for SGD164.5m. This could be its largest acquisition to date. We like this proposed acquisition, which could boost FY15 revenue and earnings by 18% and 9% y-o-y respectively.
Maintain BUY, with a higher DCF-derived TP of SGD0.91 (out of below four research house)
Maintain BUY, with a higher DCF-derived TP of SGD0.91 (out of below four research house)
Raptor50 ( Date: 17-Jul-2014 17:17) Posted:
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Wah thks. Vested.
Raptor50 ( Date: 17-Jul-2014 17:17) Posted:
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FYI
|
Stock |
Date |
Research house |
Recent price |
Target price |
Call |
Valuation (of target price) |
| Centurion | 17 July | AmFraser | 69.5 c | 89 c | Buy | DCF |
| Centurion | 17 July | OSK-DMG | 69.5 c | 91 c | Buy | DCF |
| Centurion | 17 July | DBS Vickers | 69.5 c | 96 c | Buy | DCF |
| Centurion | 17 July | UOB Kay Hian | 69.5 c | $1.00 | Buy |
Heavy volume near closing and drove up the price. Look positive again after resting for 2 months. Hope for more up and up!
Volume heavy today with upward price movement. I like this counter especially now they are expanding to overseas accommodation business.
Centurion is like an ATM for Han. His losses at Sysma may prompt him to unload shares when he needs the money.
Up by 2 cents liao. Look like more to come.
This stock Han and Loh in control. Valuation is up to what they want it to be.
BlueDogMeow ( Date: 03-Jun-2014 21:27) Posted:
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Centurion making its foray into student accommodation business in UK! More growth in the pipeline.
Special interim dividend of 1/2 a cents per share. Sweet!
Rather accurate, thumbs up.
guoyanyunyan ( Date: 06-May-2014 06:43) Posted:
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Centurion : Still in play ?
Centurion, After pull back for past few days, Today it shows another buy signal, support level is obviously at 0.70 and resistant is at 0.795. If you decide to enter, place stop loss 1 or 2 bit below the support level.
...last:$0.735...
Is this the same 1 cents stock last time Centurion...........
Strength on the recent upside seems to show signs of slowing, with RSI, Stochastics and MACD all sloping downwards from the overbought regions. Support at $0.71 followed by $0.64 Resistance at all-time high price of $0.795.
Hard to reach target lah. It may stop even before 0.80 and tumble down again.
guoyanyunyan ( Date: 10-Apr-2014 09:13) Posted:
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Centurion Corp- Raising the roof UOB Kay Hian
(CENT SP /BUY/S$0.74/Target: S$0.92)
We initiate coverage on Centurion with a BUY recommendation and a street high target price of S$0.92. As one of Singapore' s largest operators of workers' dormitories and the only listed one, Centurion is an investment proxy for the rising demand for quality accommodation targeted at foreign labour.
Centurion (CENT SP, OU8)
Take profit from our previous technical BUY
Last price: S$0.735
The stock was featured as a technical BUY with an initial target of S$0.68, when it opened at S$0.615 on 4 Mar 14. We had technical updates for the stock on 12 & 27 Mar 14 with a revised target of S$0.75. The stock has since returned +19.5% on closing price, without hitting below the stops/trailing stops mentioned earlier.
Some profits could be taken off the table should the stock fail to close above S$0.80 or retrace below S$0.72 in the next few trading sessions, as its 14-day Stochastics indicator has formed a bearish crossover in the overbought region and could turn down.
...last:$0.735... link
key diff here similar company- agree, is whether got funds invested in n them n play up or not?
company v good solid solid etc, is very good i agree, end day if u want it to move, got bb or funds involved to play up or not? key question one must ask buy n hold strategy is good, but some will just stay there, no one to help to fry up.
If u like.centurion...u might also consider wee hur as well the second largeest listed worker dormitory....the new 16800 bed worker.dormitory ...expected turnover.of this worker dormitory same as centurion.revenue in fy 2013..16800*$320*12.......best of it...it land cost.only $1.16mper mth....slow and steady counter with div yield more than 5%...